PANDOX TO ACQUIRE THE SILKEN BERLAYMONT BRUSSELS

Pandox is planning to purchase the four-star Silken Berlaymont Brussels in Belgium for €32.7 million (€154,200) from Hotel Berlaymont SA/Urvasco Hotel SA. The transaction is expected to close at the end of May 2017 and Pandox will then invest €3.5 million in a refurbishment of the hotel’s rooms, corridors, public area and meeting space. The 212-room hotel is in Brussel’s European Quarter.